368 Total residential real estate listings in Santa Clarita Valley and we have not had many new additions

Connor with Honor - Managing your real estate health in Santa Clarita, Los Angeles California, and beyond!

Title: Navigating the Real Estate Market in Santa Clarita Valley: Insights from Connor with Honor

Introduction:
Welcome to our latest update on the real estate market in Santa Clarita Valley. As your trusted guide, Connor with Honor provides you with the most comprehensive and current market insights directly from the Multiple Listing Service. Whether you're buying, selling, or just curious about the market dynamics, our latest findings and tips will ensure you're well-prepared.

Market Overview:
As of May 11, 2024, the Santa Clarita Valley hosts approximately 368 active listings, indicating a vibrant market, albeit with fluctuations in new listings and price adjustments. This week we've noticed a slight decrease in new properties, with only 47 new listings compared to the usual 70-80. Interestingly, 54 listings have undergone price changes, mostly reductions, reflecting the dynamic nature of current market conditions.

Key Statistics:

• New Listings: 47 this week
• Price Adjustments: 54, mostly reductions
• Back on Market: 21 properties
• Active Under Contract: 39 properties
• Pending: 55 properties
• Sold: 57 properties
• Expired Listings: 8
• Cancelled Listings: 8
• Hold Listings: 8

Advice for Sellers:
For those considering selling their properties, the pre-qualification process for buyers is crucial. Encouraging buyers to cross-qualify with trusted lenders can streamline transactions but requires careful consideration. Sellers should ensure they have confidence in their agents and the lenders they recommend to avoid any undue complications.

Tips for Buyers:
Buyers should remain ensure a smoother transaction. However, as a seller, it's essential to balance this with the buyer's existing relationships with lenders. Trust in your agent and the process they recommend, but always prioritize transparent and open communication to address any concerns you may have about buyer qualifications.

Advice for Buyers:
For real estate buyers in Santa Clarita Valley, staying in close contact with your lender is vital. Pre-qualifications are typically valid for 90 days, and maintaining updated financial documents is crucial due to potential interest rate fluctuations which can affect your buying power. If you enter into escrow, be prepared to provide your lender with frequent updates and documentation to ensure your transaction progresses smoothly.

Why Choose Connor with Honor?

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From first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.
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Buying or selling in Santa Clarita? Connor with Honor, your local expert with over 2 decades of experience, guides you seamlessly through the process. Subscribe to his YouTube channel for insider market updates, expert advice, and a peek into the vibrant Santa Clarita lifestyle.
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